We raised a $27M Series A to replace the spreadsheets and human duct tape behind $100 trillion in global assets.
Fund administration is the invisible backbone of private equity and venture capital - and it’s broken.
Why?
Financial data is scattered, stale, and locked inside legacy providers. Books take forever to close. Basic questions about your own fund take days to answer.
So we rebuilt the general ledger, waterfall engine, investor portal, and portfolio management from scratch.
One single source of truth for your firm.
Our AI agents read emails, propose journal entries, and extract portfolio updates in seconds. Our CPAs review every output.
Today, we administer $15 billion in assets - and we’re just getting started.
Every fund CFO keeps getting asked: how will you adopt AI?
Now you have an answer.
Run your firm in real-time with @hanoverpark.
–-
Excited to partner with Jake Saper at @emergencecap@peterjhebert at Lux, @chadbyers/@pratyushbuddiga at Susa and CFOs at the largest private equity firms to forge this future.
If you use it right, Google is the most powerful tool in the world.
But the truth is most people suck at it.
Here are 8 Googling tips that you probably don't know👇
I devoured 50 years of Warren Buffett shareholder letters.
The result?
12 timeless principles from the greatest investor in the world.
Here are the golden nuggets🧵
Tattoo this to your brain:
"The world is a malleable place. If you know what you want, and you go for it with maximum energy and passion, the world will often reconfigure itself around you much more quickly and easily than you would think.”
– Marc Andreessen
Jack Dorsey created $100 billion of value with Twitter and Square.
But you probably never read past that headline.
So I binged hours of interviews to learn how he thinks.
Here are 10 of @jack's principles on productivity, startups and life:
Tattoo this to your brain:
"The world is a malleable place. If you know what you want, and you go for it with maximum energy and passion, the world will often reconfigure itself around you much more quickly and easily than you would think.”
-- marc andreessen
I just interviewed the man who invented Amazon Prime.
He started a business worth $40 billion today and served on Amazon's board for 15 yrs.
Here are lessons from Bing Gordon that'll save you years of mistakes:
Tattoo this to your brain:
"The world is a malleable place. If you know what you want, and you go for it with maximum energy and passion, the world will often reconfigure itself around you much more quickly and easily than you would think.”
– Marc Andreessen
YETI turned water coolers into a $5 billion brand.
How did they do it?
By turning a commodity into a status symbol.
Here are 4 lessons worth your time👇
"Quotation markets"
Put quotes around search terms to let you search exactly for that word.
All results will have your terms in it.
Example: "James Clear"
Gives you all James Clear search results without just "James" or just "Clear".
- Dashes
If you want to exclude a term from your search, include a hyphen before that word.
Example: dolphins-football
You just want dolphins the animal not dolphins the professional football team.
So Jerry Seinfeld made $267 million in only 1 year.
He's the most successful comedian ever.
But it all started with his approach to writing.
Here is the 6-part Seinfeld system to build any skill👇
Co-founders aren't people you meet at networking sessions.
They're your friends.
Get your smartest, hardest working friends and convince them to start a company with you.
Tattoo this to your brain:
"The world is a malleable place. If you know what you want, and you go for it with maximum energy and passion, the world will often reconfigure itself around you much more quickly and easily than you would think.”
-- marc andreessen
Reframing Your Day
"Instead of feeling that you lost the day after a bad morning,
Reframe each day as 4 quarters:
• morning
• midday
• afternoon
• evening
If you blow one quarter, just get back on track for the next one.
Fail small, not big."
- Gretchen Rubin
No one cares about you
Beyond family and your closest friend, no one actually cares about you.
And this is incredibly freeing.
It means no one is thinking about you.
So don't make life decisions based on what others will think.
The Orangutan Effect
"If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will exit thinking more clearly yourself."
Teaching others actually teaches yourself.
2022
Successful people don't find hard things easy to do.
Instead, they've trained themselves to be better at hard things.
Create habits so small that they are painless.
h/t @JamesClear
I just finished 365 straight days of reading.
Thank you Atomic Habits and @JamesClear for changing my life.
Here are 5 things I learned that you can use to build any habit:
I interviewed someone who created $25B worth of startup value over the past 25 years.
The "Father of NYC tech" has also raised $2B in venture capital funding.
His name is Kevin Ryan and here's what I learned:
There are over 30 million podcast episodes.
and you don't have time to listen to them.
So let me save you time with 7 that will make you smarter today🧵
Apple is the greatest cult in the world.
And every cult needs a place to meet.
Welcome to the Apple Store.
Here is how Steve Jobs built the most profitable stores of all time👇
When Chung escaped home in 1933, he never thought he would build a $35,000,000,000 business.
But a stolen cow and a rice shop lead him to Hyundai.
Here's the story🧵
Filetype:
Filter by a certain file type related to your search.
Example: warren buffet filetype:pdf
This filters out all the click bait news Buffet news article you don't want to read.
Site:
Use this to search within a specific website only.
Example: Kevin Ryan site:chrishlad..com
This searches for Kevin Ryan mentions on my website (chrishlad dot com).
Jerry Seinfeld made $267 million in 1998.
He's the most successful comedian ever.
But it all starts with a 6 step writing system.
Here's a THREAD that will give you the tools to build any skill:
If you can’t become the best, quit.
It's 1995 and Jeff Bezos is a junior at Princeton taking a Quantum Mechanics class.
And he just can't solve this math problem.
Here's the story and a lesson you need to hear🧵
How to recruit the best people
People fear joining startups because of financial risk.
Show how pay might be 1% lower next year, but more in the long-term.
"If it doesn't work out, I will find you a job at a great company. "
Reframe the risk, remove the fear.
Steve Jobs and Apple were 90 days from bankruptcy.
25 years and $2 trillion later, Apple is the most valuable company in the world.
Here's the story of how Steve Jobs saved Apple🧵
Airplane Mode Hack
"If you’re stuck on an annoying call, put your phone on airplane mode instead of hanging up.
The other person sees “call failed” instead of “call ended”.
I love this Charlie Munger quote:
"I constantly see people rise in life who are not the smartest, but they are LEARNING MACHINES.
They go to bed every night a little wiser than when they woke up."
Be a learning machine.
Keeping your Cool
"If someone insults you during a meeting, pretend like you didn't hear them the first time.
Politely ask them to repeat themselves.
They'll either repeat the insult and look rude or realize their mistake and apologize."
If you use it right, Google is the most powerful tool in the world.
But the truth is most people suck at it.
Here are 8 Googling tips that you probably don't know👇
I found a business with 50 employees, 20 billion page views a month and that did $1 billion in sales in 2018.
They never raised money but I guarantee you have bought a coffee table or found your next job on the site.
Here is the story and 5 lessons worth learning👇
YETI turned water coolers into a $5 billion brand.
How did they do it?
By changing a commodity into a status symbol.
Here are 4 lessons worth your time👇
I read 500+ pages of memos from billionaire investor Howard Marks.
They contain so much wisdom on investing and life that Warren Buffett reads every one.
Here are 8 lessons I learned:
Grab a notebook.
Create a section titled “I Don’t Know”.
Every time you don’t understand something, write it down there.
After a week, you may have 50 concepts or questions.
1) Google the simple ones
2) Ask a friend for the hard ones
This is exponential learning.
So you learn something complex and confusing.
The best way to understand is to teach it in simple terms.
That's why Reddit's ELI5 "Explain it like I'm 5" is gold.
Here are some of the best ones🧵
Email Address Hack
• Add "+1", "+2" before the @ in your email address
• Websites will register it as a new email, but still send mail to your normal address
Makes organizing accounts or free trials easy.
Example:
Primary: Bob@gmail(dot)com
Bob+1@gmail(dot)com
"140 Reasons Why Square Will Fail"
Jack pitched Square with a slide with all the reasons why they would fail.
And then rejected each reason and explained why.
The fastest way to a yes is to tackle all the reasons they could say no.
The Faulty Premise Framework
“A horse that can count to ten is a remarkable horse - not a remarkable mathematician.”
Beware your comparison set.
Are you judging crappy relative performance or absolute results?
1985
I devoured 50 years of Warren Buffett shareholder letters.
The result?
12 timeless principles from the greatest investor in the world.
Here are the golden nuggets🧵
In 1933, Chung escapes home in North Korea.
He eventually builds a $30 billion business called Hyundai.
But it all started with a stolen cow.
Here's the story🧵
I interviewed someone who told Steve Jobs he was wrong and got promoted.
She then built early smartphone companies worth billions.
Here's what I learned from Donna Dubinsky:
I have a confession.
I went down a @JamesClear rabbit hole.
And devoured 100 of his 3-2-1 weekly newsletters.
Here are 10 ideas that will change how you think about joy, judgment, and networking🧵
Venting at Work
"Be careful who you vent to at work.
Just because they listen, it doesn't mean that they are your friend or have your best interests at heart."
Family Treasure
1) Get a blank book
2) Ask each family member over 50 to write down life advice that their descendants in 500 yrs should know
3) Keep passing it down
You now have a family treasure that gets more useful over time.
Network like your startup depends on it.
Because it does.
Your network and great cold emails are the key to hiring great people and getting the best investors.
In 2021, I interviewed the man who invented Amazon Prime.
He started a business worth $40 billion and served on Amazon's board for 15 years.
Here are 9 startup lessons from Bing Gordon you can't find anywhere else👇
How to fundraise:
"For Square, we set up 2 weeks of investor meetings.
The 1st week we met with everyone we did NOT want money from.
And we got all the tough questions.
The 2nd week we met with our top choices.
And had all the answers."